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The USDA September outlook lowered 2024 milk cow, milk per cow and total production forecasts and raised the 2024 all-milk price to $23.05 per cwt. The 2025 milk production forecast was cut and the 2025 all-milk price was raised to $23.45 per cwt.
Lower production and higher price forecasts signal stronger US milk and dairy product values into 2025, supporting feed demand for dairy rations.
dairyproducer.comTanya EadieSep 24, 2024After 237 past bullish report events, Milk (Class III) moved a median +0.0% over 5 sessions (51% higher; middle half -0.3% to +0.6%), and +1.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
